Reserve Bank fixes premature redemption price of Sovereign Gold Bond 2019-20 Series V at Rs 14,725 per unit
15 October 2026
The Reserve Bank of India announced the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series V.
The price is Rs 14,725 per unit.
It is based on the simple average of the closing price of gold of 999 purity for October 12, 13 and 14, 2026, as published by the India Bullion and Jewellers Association Ltd.
The bonds of this tranche were issued on October 15, 2019, and the next premature redemption date is October 15, 2026.
Under the Government of India notification F.No. 4(7)-B(W&M)/2019 dated September 30, 2019, premature redemption may be permitted after the fifth year, on the date interest is payable.
In plain words
SGB Sovereign Gold Bond — A government security denominated in grams of gold, issued through the Reserve Bank.
IBJA India Bullion and Jewellers Association Ltd — The trade body whose published gold prices the Reserve Bank uses for bond pricing.